Skip to main content

About your Search

20130801
20130831
SHOW
STATION
CNBC 16
LANGUAGE
English 16
Search Results 0 to 15 of about 16
CNBC
Aug 15, 2013 1:00pm EDT
the highs, however. diana joins us from washington to sort it all out. hi, diana. >> hey, tyler. you're right, it does seem like a disconnect. first to the sentiment numbers, homebuilder sentiment index, up three points for august. that's the fourth straight month of gains despite rising interest rates. of the three index components, current sales up 3 points. future sales expectations up one point. only buyer traffic seems to be lagging here unchanged and still in the negative territory. this, as we heard, the homebuilder stocks up today but well off their highs. you can see the housing index is now in bare market territory over 20% from its high on may 20. d.r. horton is now at a one-year low. why the disconnect? they are rated much more to the private buildings. they're seeing big demand because of lack of existing supply and demand on the market. they say interest rates are not hitting them that high. of course, it's a huge run-up in the stocks before a recovery really took hold. some said they were, in fact, overheated before then, and now that you have rising interest rates in
CNBC
Aug 19, 2013 1:00pm EDT
the argument is, is a bank too big to manage? there's a growing sense washington is trying to find issues to try to prove that jpmorgan or other big banks like that are too big to manage because you can't control, you can't watch that closely everything that's going on in every single arm. the other thing is investigations beget more investigations. what does that mean? jpmorgan has been under so much fire that the government and virs regulators have placed monitors from various consulting firms inside the bank. the more people you actually have from the government inside your four walls monitoring what you do, the more things -- >> they may find. >> exactly. >> mr. dimon has said i have more people from the u.s. government in my four walls than anybody else. an awful lot of charges in other cases have been for failure to supervise. >> right. >> and that goes to that question of scale and whether something is too big to supervise, right? >> that's right. >> kayla, thanks. >> thank you, tyler. >>> simon, down to you. >> a market flash from dominick. >> we're looking at the housing sector.
CNBC
Aug 6, 2013 1:00pm EDT
"washington post." i think it took almost everybody by surprise certainly. when you look at the price that he paid compared to what "the post" was worth some years ago, he certainly got it for a bargain, but he's not the only very wealthy individual billionaire to buy newspapers. what is it about owning a newspaper that appeals to these high net worth individuals? is it the editorial power, the platform or ego or maybe both? >> i think you have to disaggregate here. mr. henry, john henry buying "boston globe," that's a local decision, and it raised all kind of ethical questions, how the sports writers independently are going to cover the boston red sox which he owns, or the newspaper now owns. in bezos' case it's different in what he is someone who is arguably mr. digital, and one of the issues for him, he loves being a disrupter and loves the idea i'm sure of saying how can i transform the "washington post" into a model digital product and actually figure out a way no one has figured out yet how to make money on a digital newspaper n.warren buffett's case he's buying monopoly newspapers in s
CNBC
Aug 8, 2013 1:00pm EDT
in washington. diane that? >> reporter: well, that's right. that net income is nearly twice the income earned in q2 of last year. as you said the company's sixth consecutive quarterly profit. the mortgage giant, which along with freddie mac, now backed nearly two thirds of all new loans, reported a positive net worth of $13.2 billion as of june 30th and will may taxpayers as a different on the senior preferred stock. treasury performed some of that is stock to keep the company afloat, and after the september dividend payment, fannie mae will have paid approximately 105 billion, trim mayopolis said we expect or revenues to be stable and earnings to be strong over the next few years. it was driven by continued stable revenues and boosted by a significant increase in home prices in the quarter that resulted in a reduction in the company's loss reserves. earlier this week president obama traveled to phoenix to make a strong pitch to dismantle fannie mae and freddie mac and bring private capital back to the mortgage market. fannie mae's ceo says that profitability should not slow the appropriate d
CNBC
Aug 5, 2013 1:00pm EDT
and she joins us from washington. hi, diana. >> hi, sue, and you're right. fewer people are applying for mortgages overall and refinances are positively plunging. that has banks looking for more business and easing up a little bit on that tight, tight credit that had become the norm during the housing crash. take a look. credit availability rose 2.2% in july month to month and is up 3% from may, according to a new survey from the mortgage bankers association. may was when mortgage rates began to rise. the increase in availability was primarily driven by increases in cashout refis and some growth in offerings for borrowers with higher ltds or lower credit scores. again, this is likely due to the drop in overall applications, down 47% last week from a year ago. refis down 59% while purchases up 5% so not really making up for it. refis are now 63% of all applications. they had hit a high of 84% of all loan applications in december of last year when mortgage rates had hit their record lows. refis are where the banks had been making a lot of their money in the mortgage space. now, on aver
CNBC
Aug 7, 2013 1:00pm EDT
worker edward snowden asylum for one year. eamon javers live in washington with the consequences of this action. eamon? >> hi, tyler. well, can you tell that the relationship between president putin and president obama has gotten increasingly awkward in recent month. just look at the body language of their most recent meeting, the two men sitting some distance apart. putin though not looking very happy to be on a stage with obama and obama not happy either. this is what the white house had to say today in their statement. they said russia's disappointing decision to grant edward snowden temporary asylum was also a factor that we considered in assessing the current state of our bilateral relationship. now, that's why they cancelled this summit, but last night talking to jay leno on "the tonight show" the president said there are areas where the united states can still work together with rush, despite the recent unpleasantness. >> a lot of what's been going on hasn't been major breaks in the relationship. they still help us on supplying our troops in afghanistan. they are still hel
CNBC
Aug 2, 2013 1:00pm EDT
a judgment on the taper. let's bring in kenny polcari along with tyler, and in washington bill rogers joins us again, a professor from rutgers and former economist at the labor department. welcome to you all. kenny, i'll start with you. i want to take off on mr. bullard because that's really the newest new peg to the market. >> goes right to the point. he's right. need to see more data. as much as we continue to think it's starting to turn and in some points it's starting to turn but this was a big number and big miss. the whisper number was plus 200,000 so plus 160,000 is not the worst thing in the world but not the number the fed needs so once again it pushes that whole september conversation back which is why you said the market is not collapsing a little bit more because people are once again security ben is not going anywhere. >> fed chief is here to stay. >> i'd like to git get professor rogers into the conversation here and lay out a hypothesis and that is the economy is roughly stuck in the monday. as i look at the jobs numbers this morning i see sort of two economies, one that is -
CNBC
Aug 16, 2013 1:00pm EDT
homes. diana olick is going town pack the numbers for us in washington. diana? >> well, that's right, tyler, that's why it's so important to go past the headline number to put all of this into perspective. take a look. single family housing starts were actually down 2.2% per month. still up 15% from a year ago. multi-family starts, apartment buildings which were up to a more volatile number, up 25% month to month and 33% from a year ago. nothing wrong with multi-family construction, of course. there is apartment demand, but that's the driver of the headline number. now, more concerning was that single family permits were down month to month. only the second time in 16 months. they were down in three out of four regions, so it wasn't just one area of weakness. why are the builders so confident? well, because they are looking at demand going forward which according to ihs global insight is running close to 1.4 million, new household formation, plus remacement demand and plus second home demand but completions are running at 774,000 annual-wise and permits at 943,000 annualized so that
CNBC
Aug 20, 2013 1:00pm EDT
worth? republicans, democrats? eamon javers is in washington with new and staggering surprising numbers. >> hi, tyler. the "hill" newspaper is out with its list of the most wealthy members of congress. i'll bring you the top five when we come back. who's the richest member up on capitol hill? i'll give you one hint. he has to pay the new millionaires tax out in california. more in a bit. [ male announcer ] at his current pace, bob will retire when he's 153, which would be fine if bob were a vampire. but he's not. ♪ he's an architect with two kids and a mortgage. luckily, he found someone who gave him a fresh perspective on his portfolio. and with some planning and effort, hopefully bob can retire at a more appropriate age. it's not rocket science. it's just common sense. from td ameritrade. >>> who are the richest members of congress? eamon javers knows. he's in washington. >> i was going to do a big reveal for you here. let's start with number one and count our way down to number five. darrell issa from california is congress' richest member according to the "hill" newspaper in their
CNBC
Aug 30, 2013 1:00pm EDT
. the president still considering that. we have john horwood with us right now in washington. he's been listening to the speech, and my partner simon hobbs is down on the floor of the new york stock exchange. john, as i mentioned, graphic details, the secretary of state laying out for us just a short while ago, but it seems as though the administration is in a very difficult position with a no vote for action in britain. the arab logue, although condemning syria's actions, not backing any u.s. intervention in syria, and the president himself may have gotten himself into a difficult situation by using the red line phrase so early on in this conflict. >> well, that's right, but, look, john kerry in that speech did everything but announce the timing and the targets of u.s. military action. it's very clear from what he said that that is the path that the u.s. is now on. he talked about on your point about the vote in the house of commons in london, he said the united states makes its own decisions on its own timetables based on what's in our national interests. he also said and referred to the decisi
CNBC
Aug 1, 2013 1:00pm EDT
apple is down year to date. "washington post" up the most year to date followed by priceline and chipotle. then comes mastercard, google and auto zone. auto zone up 26%. apple, oops, a slip there on the old apple peel down 14% at 455. >>> plus the power house today, what your money buys in atlanta. the new guy is loaded with protein! i'll believe it when i--- [ both ] oooooh... [ female announcer ] as you get older, protein is an important part of staying active and strong. ensure high protein... fifty percent of your daily value of protein. low fat and five grams of sugars. [ major nutrition ] ensure! nutrition in charge! low fat and five grams of sugars. in a we believe outshining the competition tomorrow requires challenging your business inside and out today. at cognizant, we help forward-looking companies run better and run different - to give your customers every reason to keep looking for you. so if you're ready to see opportunities and see them through, we say: let's get to work. because the future belongs to those who challenge the present. the most free research rep
CNBC
Aug 9, 2013 1:00pm EDT
in washington with the details. >> reporter: hey, sue. the numbers are for the home builders as rising mortgage rates start to wear on the housing market. one bright spot may be for the builders and rising rates aren't good news for them but they could be able to weather them better than the existing mortgageablegationed. jumped 14% according to the bankers association. this is a big gain given that rates are significantly higher than they were three months ago. based on the applications it's estimated that 43,000 newly built homes were purchased in july so the builders have an advantage because they can tailor their homes to what their customers want. if rates are higher and customers can't pay as much they can build the homes to what the buyers new. that's what one exec told me earlier today and they have something to sell. they can also help buy down interest rates as part of the deals. this comes as analysts say higher rates are taking their toll on the existing home market. they found a sharp rate in mortgage rates has led to a pause in demand and the initial agency that they saw from some
CNBC
Aug 12, 2013 1:00pm EDT
insurance seeing their best quarter in six years. diana olick in washington now with our reality check. >> reporter: for-private mortgage insurancer are roaring back posting their first quarterly profit, as i said in, six years. two more have entered the market and together the six wrote nearly 49 billion in new business in q2, up 27% from the previous quarter, according to insider mortgage finance. of the public, mci and genworth and essence is coming on strong with 10 billion through the first half of the year, up from 3.65 billion over a year ago. why the comeback? lower delinquencies and growing business. the fha which took over 80% of the market during the crash is reducing its role and raising premiums and letting the private insurers are back in. could see more gains when congress figures out what to do with fannie and freddie. sue? >> it's been about ten days now since time warner took cbs off its system in new york, los angeles and dallas. both stocks down about the same. cbs now claims that national ratings have not been hit, but the affiliates have. julia boorstin is in los
CNBC
Aug 13, 2013 1:00pm EDT
was the eighth most funded city, followed by chicago and then washington, d.c., philadelphia and denver. now, key ingredients to get a startup community off the ground include venture capital and angel investors, low cost of living, universities and big companies nearby to provide a range of talent, and many entrepreneurs actually prefer the more intimate environment. >> it's a big pond with a small feel, and so there's still a lot of sense of community and collaboration working to go. you don't have that built up infrastructure from the long history, and you can make a difference as an individual as this infrastructure is being built. >> we'll be interviewing aol founder and revolutionary ceo steve case coming out here on the heat in las vegas. >> tyler? >> the rich are really different than the rest of us. new scientific research on how they drive. they don't -- well, they are driven in lots of ways. plus, oracle ceo larry ellison not afraid to mince words saying apple is going down. the power rundown is next. if you're serious about taking your trading to a higher level, tdd#: 1-800-345-2550 t
CNBC
Aug 14, 2013 1:00pm EDT
of people applying for mortgages has hit a fresh one-month low. diana olick joins us now from washington with the details. hi, diana. >> that's right, tyler, hi. mortgage rates did resume their fall last week, even as rates edged down just a little bit, but something really curious is happening in the market. that is that jumbo rates and conforming rates are almost exactly the same. take a look. 4.56% on the conforming and 4.57% on the jumbo, according to a new report today from the mortgage bankers association. just to recap a conforming loan is 417,000 or less but can be as high as 625,000 in high-cost housing markets. a jumbo loan is anything above that. historical average on the spread is roughly 25 basis points, ranging as high as 50 during normal market conditions and 300 basis points at the peak of the housing crash. that's from dave stevens, ceo of the mortgage bankers. in the only is the spread down to one basis points but the rate on jumbo loans is actually below that than the rate on conforming. why is this happening? okay, two reasons. number one, fannie and freddie are charg
CNBC
Aug 28, 2013 1:00pm EDT
it for us from washington. >> a little worse than expected but not by much. these contracts are indicators of closed sales in august and september. and they're still up 6.7% from a year ago. the realtors say the slip is, quote, not yet concerning. they blame rising mortgage rates and availability of credit. now, speaking of credit, federal bank regulators today scrapped part of their proposal to make mortgage lending less risky. you remember those rules from dodd/frank. they dropped the 20% down payment rule for a loan to, exempt from risk retention by the lender. they're now aligning their rules with the cfpb's rules which require no specific down payment but do require borrowers no more than 43% of income on debt, they document all debt and make periodic payments so no interest-only, negative amortization loans. this is still a work in progress. we're talking about late 2014 for any of it to be real. that's what's going on today. sue? >> thanks for the update. we appreciate it. >>> with syria, headline risk that goes along with that, the fed tapering, competing for the headlines every da
Search Results 0 to 15 of about 16